TiVo CEO Tom Rogers To Resign In January

By Claudia AssisMarketWatch Pulse

TiVo Inc. said Tuesday Chief Executive Tom Rogers will resign at the end of January, and will serve as non-executive chairman of the board starting in February. The San Jose, Calif., company has formed a search committee to select a new CEO, who could be an internal or external candidate, TiVo said. Rogers worked for TiVo for nearly 11 years, the company said. TiVo is scheduled to report third-quarter results after the bell on Nov. 24. The company will take a one-time charge in the fourth quarter related to the CEO's departure. Shares of TiVo fell 0.1% in late trading Monday after ending the regular trading day down 0.9%.

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